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Budget

About the Budget

The town's budget:

Establishes a priority of how funds are allocated between town departments and program areas
Is the annual income and spending plan that serves as a road map for the delivery of services to the residents of Shrewsbury
Provides an itemized account of planned spending
Reflects planned spending to operate the town in the 12 months beginning July 1 of the following year

Click this link to view the FY23 Fiscal Projection One Digital Budget Book.

Budget Calendar

The Town’s budget operates in a fiscal year format from June 30th to July 1st of the following year
August/September	• Identify Goals & Strategic Needs
October	• Capital Budget Forms Sent out to Department Heads • Selectmen Discuss Revenue Trends & Projections
November	• Capital Requests Submitted by Department Heads and Reviewed by Town Manager • Selectmen Discuss Revenue Trend & Projection and set Fiscal Policies • Town Manager Releases Budget Guidance to Department Heads • Tax Classification Hearing & Final Tax Rate Set
December	• Departmental Budgets are Due to the Town Manager • Town Manager Develops Operating Budget
January	• Selectmen Hold Workshops to Review Available Revenue and Departmental Requests
February	• Town Manager Releases Initial Budget (Fiscal Projection 1) and presents to the Finance Committee and Board of Selectmen
March	• Finance Committee Holds a Series of Budget Hearings with Department Heads and Seeks Public Input
April	• Finance Committee Holds a Hearing on Annual Town Meeting Articles and the Fiscal Year Budget • Board of Selectmen & Finance Committee Vote on the Budget (Fiscal Projection 2)
May	• Annual Town Meeting (3rd Monday)
June/July	• Current Fiscal Year Ends on June 30th • New Fiscal Year Begins on July 1st • State Budget Typically Passed with Final State Aid Numbers (a/k/a “Cherry Sheets”)